Additional European Equity News

3i (III LN) - Q1 Trading Update: Total Return +7%, NAV 27.11 (prev. 21.67 Y/Y)

Anglo American (AAL LN) - Q2 copper production 173.3k T, Iron Ore production rose 2% to 15.9mln T; Copper unit cost guidance unchanged Steelmaking coal production down 51% to 2.1mln T Q2 PGMs production down 47% to 492.1k oz. "Good progress made at Moranbah, with a full restart expected in due course". "Production and unit cost guidance for continuing businesses remain unchanged, except for lower copper per unit costs". Formal process for the sale of De Beers is advancing, despite the current "challenging" market conditions. (Newswires) 

BT (BT/A LN) - Q1 2026 (GBP): Adj. Revenue 4.879bln (prev. 5.052bln Y/Y), Adj. UK service revenue 3.861bln (prev. 3.917bln Y/Y). Co. says it is on track to achieve FY guidance; Simon Lowth to retire as CFO, with Patricia Cobian appointed as successor "We’re seeing strong customer demand for our next-generation broadband and mobile connectivity across all our brands, with record Openreach fibre take-up again this quarter. And we’re delivering on our transformation, as we radically simplify our business while improving customer experience". (Newswires) 

GSK (GSK LN) - FDA has pushed back the review period for Blenrep (Newswires)

ITV (ITV LN) - H1 (GBP): Revenue 1.85bln (exp. 1.33bln). Confirms 2025 guidance. (Newswires) 

IG (IG/ LN) - FY (GBP): Adj. Pretax Profit 535.8mln (exp. 516.8mln), Net Income 408.3mln (exp. 380.7mln). In FY26, expects to meet current market expectations for total rev. and cash EPS. (Newswires) 

Lloyds (LLOY LN) - H1 (GBP): NII 6.65bln (prev. 6.33bln Y/Y), CET1 Ratio 13.8% (prev. 13.5%). Pretax Profit 3.50bln (prev. 3.49bln Y/Y). “We have shown sustained strength in our financial performance in the first half of 2025, with income growth, cost discipline and robust asset quality, driving strong capital generation and increased shareholder distributions, with a 15% increase in the interim ordinary dividend." (Newswires) 

Reckitt (RKT LN) - H1 2025 (GBP): Revenue 6.981bln (exp. 7.026bln), Adj. operating profit 1.714bln (exp. 1.677bln). Sees FY core LFL sales above +4.0% (exp. 3.72%), Plans GBP 1bln share buyback over the next 12 months. (Newswires) 

Relx (REL LN) - H1 2025 (GBP): Revenue 4.75bln (prev. 4.64bln), adj. PBT 1.5bln (prev. 1.43bln), adj. Operating Profit 1.65bln (prev. 1.58bln), Dividend 0.195/shr (prev. 0.182/shr). Completed GBP 1bln of the announced GBP 1.5bln buyback. Outlook: "continue to see positive momentum across the group, expect another year of strong underlying growth...". (Relx)

MTU Aero (MTX GY) - H1 (EUR): Adj. Revenue 4.1bln, +20% Y/Y. Confirms 2025 guidance. (Newswires) 

TotalEnergies (TTE FP) - Q2 2025 (USD): Revenue 44.67bln (exp. 51.69bln), adj. Net Income 3.57bln (exp. 3.622bln), adj. EBITDA 9.69bln (exp. 10.18bln). Confirm dividend distribution, continuing with buybacks.  Hydrocarbon production in Q2 +2.5% Y/Y (exp. 2.5%). Lower adj. net income from business segments in Q2, primarily due to lower oil and gas prices. Confirms FY net investments in a USD 17.0-17.5bln range. (TotalEnergies)

UPM-Kymmene (UPM FH) - To shut down paper machine PM 1 by end-2025. May impact 220 employees at the Kaukas mill. Will make further curtailments as needed. (Newswires)

Vodafone (VOD LN) - Q1 (EUR): Revenue 9.38bln (exp. 9.67bln), Adj. EBITDA 2.68bln (exp. 2.72bln). Q1 Organic Service Revenue +5.5% (exp. +4.92%). Announces GBP 500mln share buyback. (Newswires) 

Wizz (WIZZ LN) - Q1 (EUR): Revenue 1.42bln (exp. 1.45bln), EBIT 27.5mln. (Newswires) 

24 Jul 2025 - 07:09- MetalsEU Research- Source: Newsquawk